1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anastassius [24]
3 years ago
14

make price and output decisions without regard to what their competitors might do. have no perceptible influence on the market p

rice, but choose output where marginal revenue equals the marginal cost of production. carefully watch and anticipate the moves of their competitors
Business
1 answer:
aleksandrvk [35]3 years ago
4 0

Answer:

Monopolistic Competition

Explanation:

Features of a Monopolistic Competition includes

1. make price and output decisions without regard to what their competitors might do.

<em>In a monopolistic competition, there are large number of firms but not as large as under perfect competition which means </em><u><em>each firm can control its price-output policy to some extent. It is assumed that any price-output policy of a firm will not get reaction from other firms</em></u>

<u><em /></u>

2. have no perceptible influence on the market price, but choose output where marginal revenue equals the marginal cost of production.

<em>In a monopolistic competition, If a firm reduces its price, the gains in sales will be slightly spread over many of its rivals so that the extent to which each of the rival firms suffers will be very small. </em><u><em>Thus these rival firms will have no reason to react. </em></u>

3. carefully watch and anticipate the moves of their competitors

<em>In a monopolistic competition, </em><u><em>some firms will enter when the existing firms are making super-normal profits.</em></u><em> With the entry of new firms, the supply would increase which would reduce the price and hence the existing firms will be left only with normal profits. </em><u><em>Similarly, if the existing firms are sustaining losses, some of the marginal firms will exit. </em></u><em>It will reduce the supply due to which price would rise and the existing firms will be left only with normal profit.</em>

You might be interested in
According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.
Anit [1.1K]

Answer:

Wat

Explanation:

4 0
3 years ago
Read 2 more answers
Which incentives do interest groups engage in to overcome the free rider problem?
slava [35]

Answer:

The correct answer is letter "D": All of these are correct.

Explanation:

The Free Rider Problem refers to someone being able to gap for less or even for free what others pay more for. The problem arises when individuals are unwilling to pay their fair share for something that most others pay for. The problem is more often while talking about public goods. To avoid this issue, some sort of special must be given to consumers such as discounts, promotions for subscriptions or special information online.

6 0
3 years ago
Although it does not explicitly endorse traditional gender roles, which sociological perspective implies that dividing tasks bet
Licemer1 [7]

The functionalist perspective is the sociological perspective that implies that dividing tasks between spouses is beneficial for the family unit even though it does not explicitly endorse traditional gender roles.

<h3>What is a functionalist perspective?</h3>

This refers to the social view that our society is a relatively stable and orderly system composed of interdependent and interrelated parts

The key points about functionalist perspective are:

  • It view social change as a strain on the system
  • It attempts to explain social stability.

Hence, because the Functionalists believe that society is held together by social consensus where members of the society agree upon and work together to achieve, then, it is the sociological perspective that implies that dividing tasks between spouses is beneficial for the family unit even though it does not explicitly endorse traditional gender roles.

Read more about functionalist perspective

brainly.com/question/5963935

#SPJ1

3 0
2 years ago
Which of the following accurately describes the effect target costing has on the manufacturing design function? Select one: A. T
UkoKoshka [18]

Answer:

B. Target costing forces design engineers to explicitly consider the costs of manufacturing and other aspects of business that traditionally fall outside the engineering department

Explanation:

Target costing needs the design engineers to be active in meeting their customers projection, but it must be inside the target cost requirements. Engineers can not afford to just have their attention on the function and form of design, they must also observe cost under Target costing.

5 0
3 years ago
assume the fixed overhead per unit was $1.50 for both the beginning and ending inventory. what is net income under absorption co
Nesterboy [21]

Answer:

Net income under absorption costing is <u>$904,370</u>.

Explanation:

Note: This question is not complete and it contains an error in the only available data. The complete correct question is therefore provided before the question is answered as follows:

Kluber, Inc. had net income of $908,000 based on variable costing. Beginning and ending inventories were 55,800 units and 53,600 units, respectively. Assume the fixed overhead per unit was $1.65 for both the beginning and ending inventory. What is net income under absorption costing?

The explanation to the answer is now given as follows:

Variable costing is a costing technique that takes only the variable cost into consideration and exclude the fixed manufacturing overhead from the production production cost of a product.

Absorption costing is a costing technique in which the fixed overhead cost of production is allocated to products produced.

For this question, net income under absorption costing can be determined as follows:

Net income based on variable costing = $908,000

Total beginning fixed overhead = Beginning inventories * Fixed overhead per unit = 55,800 * $1.65 = $92,070

Total ending fixed overhead = Ending inventories * Fixed overhead per unit = 53,600 * $1.65 = $88,440

Adjustment for fixed overhead for the period = Total ending fixed overhead - Total beginning fixed overhead = $88,440 - $92,070 = -$3,630

Net income under absorption costing = Net income based on variable costing + Adjustment for fixed overhead for the period = $908,000 + (-$3,630) = $908,000 - $3,630 = $904,370

Therefore, net income under absorption costing is <u>$904,370</u>.

7 0
3 years ago
Other questions:
  • Lost business, psychological damage, medical expenses, temporary lodging and pets killed are all examples of:
    10·1 answer
  • As a manager of XYZ Company, you are assigned to resolve a conflict between two departments in your organization, Department A a
    8·1 answer
  • If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of income Summary prior to closing?
    12·1 answer
  • Emerald Energy is an oil exploration and production company that trades on the London stock market.Assume that when purchased by
    9·1 answer
  • The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
    15·1 answer
  • Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con
    6·1 answer
  • By examining the __________ of Southwest Airlines, one can identify the strategic themes around which it has developed its busin
    13·1 answer
  • Mariposa, a young office manager, is trying to exchange text messages with her supervisor, Bill. Although Bill has been the gene
    15·1 answer
  • The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance
    8·1 answer
  • What are financial institutions and why are they so important
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!